HINDZINC.NS Stock Today: January 29 Retail OFS Opens, Floor Rs 685
Hindustan Zinc OFS opens to retail today with a floor price of ₹685, following strong institutional demand on T day near ₹691. We look at pricing, demand signals, and live levels that matter. The first mention of HINDZINC.NS anchors today’s trade view. The offer could raise up to about ₹4,500 crore for Vedanta, increase free float, and add near-term supply. We cover how the setup affects Hindustan Zinc share price and what retail should watch before placing bids.
What today’s OFS means for investors
The floor price is ₹685 for the Hindustan Zinc OFS. Promoter Vedanta plans to sell up to about 1.59 percent, targeting roughly ₹4,500 crore, subject to final pricing and take-up. Institutional bids on T day were fully taken near ₹691, indicating healthy demand. For official details and terms, see the Upstox note on the sale here.
Retail investors can place bids through their broker’s OFS window during market hours, at or above the floor. Ensure funds are available for the bid amount and charges. Orders are price-priority based, and partial allocation is possible. For a simple step-by-step on applying through supported platforms, check CNBC-TV18’s explainer here.
The sale increases free float and may create short-term supply pressure even with strong demand. Price action around the floor, final cut-off, and allocation ratios will guide near-term direction. We expect traders to focus on whether the cash market holds above ₹685 and how quickly any excess supply gets absorbed after allotment and settlement.
Live price and technical setup
Hindustan Zinc share price trades near ₹708.20 today, down 2.6 percent. Intraday range is ₹701.60 to ₹732.70, with a 52-week high at ₹733. The stock sits well above its 50-DMA ₹576.68 and 200-DMA ₹485.48, reflecting a strong uptrend into the offer. Watch ₹685 as the key reference and ₹733 as resistance.
RSI is 68.31, close to the overbought zone. ADX at 48.14 signals a strong trend. MACD histogram is slightly negative at -0.18, hinting at a pause. ATR at 18.45 shows elevated volatility. Price currently trades above the Bollinger upper band of ₹669.93, so mean reversion attempts are possible if demand fades post allocation.
Turnover is heavy, with volume at 3.82 crore shares versus a 1.11 crore average, driven by offer-related activity and event hedging. Elevated participation can cut both ways. Strong closes above ₹700 signal dip buying. Slips below ₹685 raise risk of further supply-driven weakness as short-term hands test demand after the Hindustan Zinc OFS completes.
Fundamentals and valuation check
EPS is ₹27.92 TTM, with an indicated dividend of ₹29 per share, implying a 4.09 percent yield at current levels. The next earnings announcement is scheduled for 17 April 2026. Cash generation and payout timing remain key for income-focused investors who are assessing whether to bid in the Hindustan Zinc OFS or accumulate on dips.
The stock trades at 25.35x TTM earnings, 8.32x sales, and 21.84x book. Net profit margin is strong at about 32.83 percent, and EV/EBITDA sits near 15.33. These multiples price in solid profitability and commodity support. Any cut-off below spot could reset near-term multiples and influence follow-on demand for the Hindustan Zinc OFS.
Debt to equity is about 0.82 and net debt to EBITDA is 0.54, which is manageable. The current ratio near 0.86 and negative working capital signal tighter liquidity. A softer zinc or silver tape, or a weak cut-off outcome, could pressure sentiment. We also note mixed signals from model grades despite recent operational resilience.
What to watch today and next
Institutional demand on T day cleared near ₹691, a positive sign for price discovery. We will track the final cut-off for retail, total bids at or above ₹685, and the split between price bands. A stronger-than-expected take-up can ease supply concerns from the Vedanta stake sale and support price stability after allotment.
Silver has rallied recently, while zinc prices remain the key driver for earnings. If the commodity backdrop holds, it can cushion any short-term supply pressure from the Hindustan Zinc OFS. Weakness in metals could amplify post-offer selling, so we will watch global cues and the rupee alongside domestic flows.
Important levels are ₹685 as a risk marker, ₹700 for balance, and ₹733 as resistance. Momentum remains firm but stretched. A close back within the Bollinger band could signal consolidation. Investors may prefer staggered bids or partial allocation and leave room to add after the Hindustan Zinc OFS if price settles near the floor.
Final Thoughts
Retail bidding opens against a clear anchor, the ₹685 floor. We see three practical steps. First, compare your bid to live cash price and the likely cut-off. Second, size bids modestly since near-term supply from the Vedanta stake sale can weigh on price. Third, track allocation and post-offer trade to gauge absorption. The trend is strong, yet momentum is stretched and volatility is high. If bids clear near or above ₹691, that supports stability. Weak cut-off outcomes may invite a test of ₹685. Keep an eye on zinc and silver cues, the April earnings date, and dividend visibility before taking larger positions.
FAQs
What is the floor price for the Hindustan Zinc OFS?
The floor price is ₹685 per share. Bids must be placed at or above this level. The final cut-off will depend on total demand. Institutional bidding on T day cleared near ₹691, which provides a reference point, but the retail cut-off can differ based on today’s participation.
How can retail investors apply for the OFS?
Apply through your broker’s OFS window during market hours. Place a price bid at or above the floor and ensure funds are available. Allocation is based on price and quantity, so partial fills are possible. Confirm timelines, charges, and order status with your broker once bidding closes.
Is the offer likely to impact the Hindustan Zinc share price?
In the short term, higher free float can create supply pressure, especially if the cut-off is close to the floor. Strong demand and a cut-off above spot can support price. We track ₹685 as the key risk level and ₹733 as resistance while the offer settles and volumes normalize.
What key levels should traders watch today?
Watch ₹685 as the main reference, ₹700 for balance, and ₹733 as resistance. The stock trades above the 50-DMA ₹576.68 and 200-DMA ₹485.48, showing a strong trend. RSI near 68 suggests momentum is high, so consolidation is possible if bids or follow-through demand cool after allocation.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
